Ohio's unemployment rate has dropped again, following the biggest one-month decline in almost 30 years.
The state Department of Job and Family Services reported Friday that the state had joblessness of 8.1 percent in December, down from 8.5 percent in November. The November rate had been down a full half-point from October's even 9 percent.
Gov. John Kasich says Ohio is seeing a record drop in the numbers of people who are unemployed. But Ohio Public Radio’s Karen Kasler reports one economist is saying the story behind those numbers isn’t anything to celebrate.
Thousands of jobless Ohioans are in danger of running out of their unemployment benefits early next year, if Congress doesn't renew a federal extension of benefits. Ben Johnson is with the Ohio Department of Job and Family Services.
"70,000 people will exhaust their unemployment compensation in January, another 36, 000, almost 37,000 in February, about 58,000 in March and more than 10,000 between March and June but the numbers are smaller," says Johnson.
1857, the 1870s, the 1890s, 1907, 1914, 1919, 1921: The United States faced widespread joblessness in all of these years, well before the Great Depression, not to mention today's Great Recession. As legislators in Washington prepare to debate another round of stimulus spending, and as unemployment reaches record highs, historian Daniel Amsterdam looks back at how the United States has tackled major spikes in unemployment throughout its history and how American efforts have compared with those of other countries.